Dakota Community Bank & Trust Mortgage Rates, Fees & Info
Hebron, NDLEI: 5493002POZ4RFS6X0Z30
Tax ID: 45-0192605
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Mortgage Data
Bank Data
Review & Overview
Dakota Community Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. Dakota Community Bank & Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Bismarck, Dickinson, Phoenix, Minneapolis, and Fargo among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Dakota Community Bank & Trust has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.52% | 4/18/24 |
| 30 Year Conventional Refi | 6.49% | 4/18/24 |
| 30 Year Cash-out Refi | 6.67% | 4/18/24 |
| 30 Year FHA Purchase | 7.10% | 4/18/24 |
| 30 Year FHA Refi | 6.89% | 4/18/24 |
| 30 Year VA Purchase | 6.06% | 4/18/24 |
| 30 Year VA Refi | 5.50% | 4/18/24 |
| 30 Year USDA Purchase | 6.38% | 4/18/24 |
| 15 Year Conventional Purchase | 5.99% | 4/18/24 |
| 15 Year Conventional Refi | 6.26% | 4/18/24 |
| 15 Year Cash-out Refi | 6.26% | 4/18/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Dakota Community Bank & Trust Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
815Origination Dollar Volume (All Markets)
$189,555,000Employee count
162Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| BISMARCK, ND (FHA|USDA|VA) | 476 | $111,170,000 | $233,550 | $0 | 0.00% |
| Dickinson, ND (FHA|USDA|VA) | 244 | $59,970,000 | $245,779 | $0 | 0.00% |
| Outside of Metro Areas | 66 | $10,930,000 | $165,606 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 9 | $2,435,000 | $270,556 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 0.00% |
| Minot, ND (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Jamestown, ND (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Dakota Community Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2020, Dakota Community Bank & Trust's most frequently originated type of loan was Conventional, with 667 originations. Their 2nd most popular type was VA, with 50 originations.
Loan Reason
For 2020, Dakota Community Bank & Trust's most frequently cited loan purpose was Refi, with 338 originations. The 2nd most popular reason was Home Purchase, with 319 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 815 | $189,555,000 | $232,583 | $0 | 0.00% |
For 2020, Dakota Community Bank & Trust's most frequently cited loan duration was Other, with 815 originations.
Loan Sizing
2020 saw Dakota Community Bank & Trust place emphasis on $200k-400k loans with 406 originations, totaling $112,520,000 in origination value.
Applicant Income
Dakota Community Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 200 originations. The second most popular income band? $50k-75k, with 170 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 815 | $189,555,000 | $232,583 | $0 | 0.00% |
Dakota Community Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 815 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.38%
Dakota Community Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination78.77%
Dakota Community Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 815 | $189,555,000 | $232,583 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Dakota Community Bank & Trust, National Association | 108 South Main Street Glen Ullin, ND 58631 | Full Service B&M | $12,878 |
| Dakota Community Bank & Trust, National Association | 111 Main Avenue New Leipzig, ND 58562 | Full Service B&M | $29,505 |
| Dakota Community Bank & Trust, National Association | 123 Main Street Taylor, ND 58656 | Full Service B&M | $31,235 |
| Dakota Community Bank & Trust, National Association | 14 3rd Avenue West Dickinson, ND 58601 | Full Service B&M | $124,204 |
| Dakota Community Bank & Trust, National Association | 1727 State Street Bismarck, ND 58501 | Full Service B&M | $147,060 |
| Dakota Community Bank & Trust, National Association | 2284 3rd Ave W Dickinson, ND 58601 | Full Service B&M | $101,254 |
| Dakota Community Bank & Trust, National Association | 26 North Main Street Bowman, ND 58623 | Full Service B&M | $38,822 |
| Dakota Community Bank & Trust, National Association | 3124 E Colorado Dr Bismarck, ND 58503 | Limited, Mobile/Seasonal Office | $0 |
| Dakota Community Bank & Trust, National Association | 4321 Memorial Highway Mandan, ND 58554 | Full Service B&M | $128,270 |
| Dakota Community Bank & Trust, National Association | 609 Main Street Hebron, ND 58638 | Full Service B&M | $78,232 |
| Dakota Community Bank & Trust, National Association | 66 Santee Road Lincoln, ND 58504 | Full Service B&M | $24,804 |
| Dakota Community Bank & Trust, National Association | 919 South Seventh Street, Suite 101 Bismarck, ND 58504 | Full Service B&M | $110,186 |
For 2020, Dakota Community Bank & Trust had 12 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $33,694 |
| Net interest income | $29,043 |
| Total noninterest income | $9,862 |
| Gross Fiduciary activities income | $850 |
| Service charges on deposit accounts | $461 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $8,551 |
| Pre-tax net operating income | $16,731 |
| Securities gains (or losses, -) | $969 |
| Income before extraordinary items | $17,696 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $17,696 |
| Minority interest net income | $0 |
| Net income | $17,696 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $16,727 |
Dakota Community Bank & Trust's gross interest income from loans was $33,694,000.
Dakota Community Bank & Trust's net interest income from loans was $29,043,000.
Dakota Community Bank & Trust's fee based income from loans was $461,000.
Dakota Community Bank & Trust's net income from loans was $17,696,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,651 |
| Provision for credit losses | $557 |
| Total noninterest expense | $21,617 |
| Salaries and employee benefits | $14,826 |
| Premises and equipment expense | $2,465 |
| Additional noninterest expense | $4,326 |
| Applicable income taxes | $4 |
| Net charge-offs | $105 |
| Cash dividends | $12,113 |
Dakota Community Bank & Trust's interest expense for loans was $4,651,000.
Dakota Community Bank & Trust's payroll and benefits expense were $14,826,000.
Dakota Community Bank & Trust's property, plant and equipment expenses $2,465,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $848,549 |
| Deposits held in domestic offices | $848,549 |
| Deposits by Individuals, partnerships, and corporations | $809,636 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $38,912 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $443,638 |
| Demand deposits | $128,698 |
| Nontransaction accounts | $404,911 |
| Money market deposit accounts (MMDAs) | $50,270 |
| Other savings deposits (excluding MMDAs) | $229,947 |
| Total time deposits | $124,693 |
| Total time and savings deposits | $719,851 |
| Noninterest-bearing deposits | $128,698 |
| Interest-bearing deposits | $719,851 |
| Retail deposits | $818,090 |
| IRAs and Keogh plan accounts | $9,314 |
| Brokered deposits | $18,153 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $951,710 |
| Cash & Balances due from depository institutions | $89,606 |
| Interest-bearing balances | $82,418 |
| Total securities | $294,542 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $535,388 |
| Loan and leases loss allowance | $8,407 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,751 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,564 |
| All other assets | $21,859 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $951,710 |
| Total Liabilities | $872,095 |
| Total deposits | $848,549 |
| Interest-bearing deposits | $719,851 |
| Deposits held in domestic offices | $848,549 |
| % insured (estimated) | $72 |
| Federal funds purchased and repurchase agreements | $5,650 |
| Trading liabilities | $0 |
| Other borrowed funds | $4,750 |
| Subordinated debt | $0 |
| All other liabilities | $13,146 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $535,388 |
| Loan and leases loss allowance | $8,407 |
| Total loans and leases (domestic) | $543,795 |
| All real estate loans | $321,705 |
| Real estate loans in domestic offices | $321,705 |
| Construction and development loans | $17,763 |
| Residential 1-4 family construction | $7,077 |
| Other construction, all land development and other land | $10,686 |
| Loans secured by nonfarm nonresidential properties | $92,058 |
| Nonfarm nonresidential secured by owner-occupied properties | $34,644 |
| Commercial real estate & other non-farm, non-residential | $57,414 |
| Multifamily residential real estate | $4,747 |
| 1-4 family residential loans | $34,644 |
| Farmland loans | $172,493 |
| Loans held in foreign offices | $0 |
| Farm loans | $110,134 |
| Commercial and industrial loans | $95,707 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $14,776 |
| Credit card loans | $0 |
| Related Plans | $80 |
| Consumer Auto Loans | $8,426 |
| Other loans to individuals | $6,270 |
| All other loans & leases | $1,473 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,182 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Dakota Community Bank & Trust had $535,388,000 of loans outstanding in 2020. $321,705,000 of loans were in real estate loans. $17,763,000 of loans were in development loans. $4,747,000 of loans were in multifamily mortgage loans. $34,644,000 of loans were in 1-4 family mortgage loans. $110,134,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,426,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 154 | $38,352 | $249,039 |
| Nonfarm, nonresidential loans - <$100k | 23 | $891 | $38,739 |
| Nonfarm, nonresidential loans - $100-250k | 45 | $5,626 | $125,022 |
| Nonfarm, nonresidential loans - $250k-1MM | 86 | $31,835 | $370,174 |
| Commercial & Industrial, US addressed loans - <$1MM | 511 | $34,165 | $66,859 |
| Commercial & Industrial, US addressed loans - <$100k | 335 | $7,044 | $21,027 |
| Commercial & Industrial, US addressed loans - $100-250k | 105 | $11,192 | $106,590 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 71 | $15,929 | $224,352 |
| Farmland loans - <$1MM | 300 | $43,929 | $146,430 |
| Farmland loans - <$100k | 92 | $3,880 | $42,174 |
| Farmland loans - $100-250k | 109 | $13,954 | $128,018 |
| Farmland loans - $250k-1MM | 99 | $26,095 | $263,586 |
| Agriculture operations loans - <$1MM | 544 | $36,268 | $66,669 |
| Agriculture operations loans - <$100k | 333 | $7,561 | $22,706 |
| Agriculture operations loans - $100-250k | 131 | $12,252 | $93,527 |
| Agriculture operations loans - $250k-1MM | 80 | $16,455 | $205,688 |